02-12-2013, 10:50 AM
I agree with the report, which tally with my observations...
Private property rental yields likely to fall: Analysts
SINGAPORE — Rental yields of private residences could take a further hit in the coming months as more foreigners opt to rent Housing and Development Board (HDB) flats and the number of condominium units on the market exceeds demand, property analysts told TODAY.
Yields are already showing signs of softening.
According to Singapore Real Estate Exchange (SRX) research conducted for TODAY, the average gross rental yield for the first 10 months of this year was around 3.8 per cent, lower than the 4.1 per cent in the same period last year. Rental volume in the private market has also taken a hit, falling for three consecutive months to 2,403 transactions in October.
On the other hand, demand for HDB flats is increasing. Official figures showed that the average quarterly rental volume this year has been around 7,600 transactions, higher than last year’s average of 6,780.
...
http://www.todayonline.com/business/priv...l-analysts
Private property rental yields likely to fall: Analysts
SINGAPORE — Rental yields of private residences could take a further hit in the coming months as more foreigners opt to rent Housing and Development Board (HDB) flats and the number of condominium units on the market exceeds demand, property analysts told TODAY.
Yields are already showing signs of softening.
According to Singapore Real Estate Exchange (SRX) research conducted for TODAY, the average gross rental yield for the first 10 months of this year was around 3.8 per cent, lower than the 4.1 per cent in the same period last year. Rental volume in the private market has also taken a hit, falling for three consecutive months to 2,403 transactions in October.
On the other hand, demand for HDB flats is increasing. Official figures showed that the average quarterly rental volume this year has been around 7,600 transactions, higher than last year’s average of 6,780.
...
http://www.todayonline.com/business/priv...l-analysts
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